Data Grand closes RMB270m Series B+ round for automated text data mining business

2020-05-14
|
Isiah Liu

Data Grand announced the completion of the Series B+ round of financing. This round was led by Shenzhen Capital Group, with participation from Softbank SAIF, Chenshan Capital, Z Capital, etc. This round of financing totaled 270 million yuan.


Data Grand specializes in the development of automated software combining natural language processing technology and RPA. This round of financing will further expand its product technology and market leadership, strengthen technology and product capabilities, and become a leading company in China's AI plus RPA sector.


Headquartered in Shanghai, Data Grand has set up branches in Beijing, Chengdu, Shenzhen, Zhengzhou and other cities, with business spreading throughout the country. Since its establishment in late 2015, it has received three consecutive rounds of investment led by well-known institutions such as ZhenFund, Softbank SAIF, CBC Capital, etc., and the company's operating performance has continued to maintain rapid growth.


Data Grand has more than 100 technical invention patents and software copyrights in text semantic analysis technology.


Taking advantage of this, coupled with its self-developed RPA robot system, the company provides intelligent processing software to a range of industries such as financial, manufacturing, energy, telecommunications, legal, real estate, logistics, government agencies, media, etc., assisting or partially replacing humans to complete document content review, data comparison, bill analysis, form filling, knowledge search, intelligent recommendation and more which can improve business efficiency and lower the costs.


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